B+
Bull case
25%
Probability
Target price
$54.00
+7.3% vs current
ALGM
Allegro MicroSystemsDNasdaq / Semiconductors & Semiconductor Equipment
Last Price
At close
2026-06-02
AI scenario view
RankAlpha Sentiment CodexPost-earnings T+3Most likely
B
Base case
45%
Probability
Target price
$46.00
-8.6% vs current
B-
Bear case
30%
Probability
Target price
$39.00
-22.5% vs current
AI sentiment snapshot
Latest data as of 2026-05-09
Recent news sentiment (30D)
+16.7
Positive
Company
+17.2
Positive
Macro
+20.7
Positive
Pulse
-62.0
Negative
Sentiment proxy
+39.8
Score
AI commentary
News flow is active because this is a T+3 post-earnings follow-up, but the tone is only moderately positive. Recent coverage highlighted a beat-and-raise setup, yet one headline also noted the stock dipped despite the report, signaling that expectations were already high. By the latest finance quote timestamp on 2026-05-09 00:15 UTC, ALGM was $48.95 versus the packet anchor of $47.93 on 2026-05-07, so the initial wobble appears to have stabilized into a modest gain. Clear delayed analyst target-reset evidence was not available from the checked sources, which keeps conviction moderate rather than strong.
RankAlpha Sentiment Codex - 2026-05-09
Open post-earnings memoEvidence flagged
No evidence quality warning is currently attached to this memo.
Impact
standard
Confidence
-
AI events
2026-05-20eventPost-earnings digestion is mixed rather than euphoricMedium impact
The May 7, 2026 earnings release was framed in recent coverage as a beat-and-raise, but the stock reaction was not a clean breakout; by the latest finance quote timestamp of 2026-05-09 00:15 UTC, ALGM was $48.95 versus the packet anchor of $47.93 on 2026-05-07, a modest gain that suggests expectations were already elevated.
2026-06-26catalystQ1 FY27 outlook extends the earnings resetMedium impact
Allegro guided fiscal Q1 2027 sales to $245 million-$255 million, non-GAAP gross margin to 50%-51%, and non-GAAP EPS to $0.19-$0.23 after reporting Q4 FY26 sales of $243.2 million and non-GAAP EPS of $0.17, extending the recent growth streak and keeping near-term execution in focus [#8-K-2026-05-07].
2027-03-27catalystAuto plus data-center mix shift is the main structural upside hookHigh impact
Management said Q4 results reflected strength in Focus Auto, including xEV and ADAS, and Data Center reached a record 14% of Q4 sales; if that mix persists, ALGM has a credible path to better margin and growth quality, but the evidence is still early and best treated as a monitored trend rather than a fully underwritten rerating thesis [#8-K-2026-05-07].
Recommendation
N/A
No formal recommendation provided.
As of 2026-05-09 • Updated nightlySource: Internal modelMethodology